Harnessed To The SarbOx

Harnessed To The SarbOx

Participants at the LatinFinance Equity Capital Markets Roundtable.A New York Stock Exchange listing might be the most prestigious achievement for an emerging market corporate to gain, but these days, fewer are making it. In the last two years less than a third of the $22.6bn of primary and secondary stock offerings by Brazilian and Mexican companies were listed on the New York Stock Exchange.  And out of the 24 biggest foreign IPOs last year, only one sought a public listing on the NYSE. It's not that an NYSE listing has lost its allure nor is complying with US GAAP the problem. Instead it's the tedium and expense of dealing with auditors still reeling from the corporate an

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